Preparing for life after death can be daunting – and a new study shows many adults are putting off getting their affairs in order. A new report from caring.com shows less than half of adults have a will. Fox 25/48’s Jessica Bringe has more.
“Daddy, what is that?”
John Gustafson is focused on the present.
“Neither my wife or I have a will or a living will although it is something we’ve discussed that we should get done.”
Gustafson is among the nearly six in ten U.S. adults who don’t have a will according to a new report by caring dot com
“It would be nice to solidify that it’s just not something we’ve gotten around to doing yet.”
Attorney Laurie Klinkhammer says it comes as no surprise that only 42% of American adults currently have a will or living trust. And that the percentage is even lower among those with children under the age of 18… at just 36%.
“When you have young children it’s hard to think about the fact that you might not be there to raise them so a lot of time people will avoid thinking about that at all and so avoid doing anything to take care of that.”
However, Klinkhammer says having a will or living trust before tragedy strikes will help make decisions less stressful.
“The important part of will is that idea that you get to say what happens. You get to say where your assets go after your death. You get to say who are the people in charge of overseeing your will and you get to say who are the people who are going to appointed as guardians of your children.”
And she says for the most part it doesn’t have to be too much of a chore in terms of difficultly it is a fairly simple, straight forward process and any estate planning professional can help you through that process.
Jess Bringe, Fox 25/48 First News at Nine.